Newmont’s board of directors, projecting confidence in the company’s outlook, increased the authorization for share repurchases by $3 billion. This represents a 4% buyback yield alongside a 25-cent-per-share quarterly dividend that yields 1.5%.

Gold held losses after President Donald Trump said imports of bullion won’t be subject to US tariffs, further stabilizing the global bullion market after a federal ruling threw it into chaos and confusion.